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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Tue Jan 03, 2012 12:04 pm 
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Back Home with Mammy

Joined: Apr 23, 2010
Posts: 52
"by a designer in the Austrian Mint"
</irony>
Ha!


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Tue Jan 03, 2012 8:38 pm 
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Single Home Owner

Joined: Sep 26, 2010
Posts: 191
ClontarfGuy wrote:
"by a designer in the Austrian Mint"
</irony>
Ha!


Alanis Morrisette! Ha!


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Sat Jan 07, 2012 5:28 pm 
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Homeless

Joined: Jun 4, 2009
Posts: 7
Sorry, I could not find any reference to DIRT payable (when using the search option) for UK & European bank accounts for Irish residents and with the OAPs clogging up the Revenue phone lines for the next few days, wondering if anyone could confirm which Revenue form is applicable.

I have 40 to 50% of my savings in a German bank account, unfortunately in EUR and with the low interest rate have a relatively small amount of DIRT to be paid for 2011.

Any help would be appreciated.


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Sat Jan 07, 2012 7:18 pm 
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Under CAB Investigation

Joined: Oct 19, 2010
Posts: 1596
Location: Dublin SE
It is my albeit simple understanding that as an Irish tax payer you are liable for DIRT on all interest earned from money on deposit regardless of its geographical location.

If you have already paid local taxes / withholding or EU tax on it this is taken into consideration when doing your revenue return if there is a double taxation agreement with that country.

A list of the countries that we have a double taxation agreement with can be found here http://www.revenue.ie/en/practitioner/l ... aties.html

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"Perfect is the enemy of the good"
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Last edited by Terra Incognita on Sat Jan 07, 2012 7:31 pm, edited 1 time in total.

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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Sat Jan 07, 2012 7:27 pm 
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Speculator

Joined: Dec 23, 2008
Posts: 499
would agree with that...but actually your German bank should, if are Irish resident, allow you to fill out a form that means you pay no dirt in Germany....its up to you to pay Irish dirt on your tax return, and yes you have to make a tax return...

thinking about it, its like the whole "non resident" accounts business in reverse, where people didnt pay Irish dirt but were lying about living in the UK.....


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Fri Feb 03, 2012 10:46 pm 
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Migrant

Joined: Feb 3, 2012
Posts: 1
Hi

Followed a lot of people on here and opened a Keytrade account

Doing my tax return now. I don't seem to have any with holding tax deducted at source on my Keytrade account.

2 questions:

1. Should I have had tax deducted at source and if not am I tax compliant in Belgium?
2. What's my tax situation here in Ireland? Do I simply declare all interest credited to my Keytrade account with no foreign tax withheld?

It's not huge sums but want to make sure I'm fully compliant

Thanks in advance for your help


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Sat Feb 04, 2012 10:22 am 
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Nationalised

Joined: Sep 13, 2007
Posts: 28835
Location: Tullamore
Confused Idiot wrote:
Hi

Followed a lot of people on here and opened a Keytrade account

Doing my tax return now. I don't seem to have any with holding tax deducted at source on my Keytrade account.

2 questions:

1. Should I have had tax deducted at source and if not am I tax compliant in Belgium?
2. What's my tax situation here in Ireland? Do I simply declare all interest credited to my Keytrade account with no foreign tax withheld?

It's not huge sums but want to make sure I'm fully compliant

Thanks in advance for your help

I was wondering that too. I got emails during the year telling me about changes to Belgian tax on deposits, but likewise I don't see any deduction for it.

So I plan to just declare it as income.

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"It is impossible to design a system so perfect that no one needs to be good."

So long and thanks for all the fish.


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Sun Feb 19, 2012 12:53 pm 
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Holiday Home Owner

Joined: Apr 6, 2008
Posts: 335
It seems from this year onwards Belgian banks will be applying witholding tax. Keytrade seems to have credited the most recent interest on the 31/12/2011 just before this change took place.


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Fri Mar 02, 2012 3:50 pm 
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Planning Tribunal Attendee

Joined: Jun 18, 2010
Posts: 1104
Location: The dodgy bit of Dublin 8
Has anyone considered peer to peer lending for their wedge?

http://uk.zopa.com/ZopaWeb/

www.ratesetter.com

Leaving aside for the moment the exchange rate issue - assume Pinster McInterweb has decided that sterling is where they want their wedge to live - what are the downsides? The return appears to be pretty competitive (5 - 8%, depending on risk profile)


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Sat Mar 03, 2012 12:11 pm 
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Private Tenant

Joined: May 23, 2008
Posts: 42
Location: North Korea
txirimiri wrote:
what are the downsides?

Quote:
The return appears to be pretty competitive (5 - 8%, depending on risk profile)

You might have answered your own question there.


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Mon May 14, 2012 7:34 pm 
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Speculator

Joined: Sep 14, 2010
Posts: 429
Any views on this sterling account?

http://www.nationwideuk.ie/about/latest ... unched.asp

If we are bounced out of the euro will these sterling accounts be converted back into Irish Lira?


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Mon May 14, 2012 7:58 pm 
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Planning Tribunal Attendee

Joined: Jan 31, 2009
Posts: 1375
Julio Medallion wrote:
If we are bounced out of the euro will these sterling accounts be converted back into Irish Lira?


Highly unlikely. It would be a logistical nightmare/major difficulty for the government to convert non EUR assets into a new currency.


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Mon May 14, 2012 8:04 pm 
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Nationalised

Joined: Sep 13, 2007
Posts: 28835
Location: Tullamore
fungus wrote:
Julio Medallion wrote:
If we are bounced out of the euro will these sterling accounts be converted back into Irish Lira?


Highly unlikely. It would be a logistical nightmare/major difficulty for the government to convert non EUR assets into a new currency.

Yeah, it was really tricky for the Argentinians to do it.

Any bank regulated by the Irish Central Bank is suspect...

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"It is impossible to design a system so perfect that no one needs to be good."

So long and thanks for all the fish.


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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Tue May 15, 2012 12:44 am 
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Of Systemic Importance
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Joined: Apr 1, 2010
Posts: 5549
It will have to be a non-resident account in another country, preferably in a bank that does not do business in Ireland.

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 Post subject: Re: Eur Wedge On De Edge
PostPosted: Tue May 15, 2012 6:24 pm 
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Speculator

Joined: Sep 14, 2010
Posts: 429
So its basically similar to opening an Irish Rabobank a/c then apart from it is denominated in sterling?


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